Mumbai based company – Aditya Birla Management, famous for its metals and materials businesses is planning to set up realty and private equity limb for its wealth management units. Chief Executive Officer of Aditya Birla Management’s Financial Unit (Mumbai) said to the www.propertykhazana.com that, “The bad presentation of the Indian equities encouraged the group to give its customers another products for investment.”

The realty investments will be handled by its property management business – Birla Sun Life Asset Management. To manage the business, Birla has opt Shashi Kumar as the head of realty business, he was a first member and Chief Information Officer at IndiaReit and was among few professionals who had finished an investment cycle of fund hiking, deployment and exit in India’s moderately small realty arena.
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